Ads
related to: income tax e-filing portalbenchmarkguide.com has been visited by 100K+ users in the past month
Search results
Results from the WOW.Com Content Network
eFiling: eFiling of returns ensured that all returns can be submitted in submitted in digital form at dedicated e-filing website (https://incometaxindiaefiling.gov.in Archived 19 February 2022 at the Wayback Machine) without any need of submitting paper returns to Income Tax Department offices. This not only reduced grievances of taxpayers on ...
Information returns are reports used to transmit information about income, receipts or other matters that may affect tax liabilities. For example, Form W-2 and Form 1099 are used to report on the amount of income that an employer, independent contractor, broker, or other payer pays to a taxpayer.
Once again, a taxpayer challenged the legality of the income tax. In Pollock v. Farmers' Loan and Trust Company (1895), [2] Charles Pollock sued the corporation in which he owned stock, contending that the corporation should never have paid the income tax because the tax was unconstitutional. In this case, the tax was paid on income from land.
Direct tax in the form of an income tax was introduced by Sir James Wilson in India in 1860 to overcome the difficulties created by the Indian Rebellion of 1857. [12] The organisational history of the Income-tax Department, however, starts in the year 1922, when the Income-tax Act [4], 1922 gave, for the first time, a specific nomenclature to various Income-tax authorities.
In 2008, Intuit raised the price of TurboTax for desktop customers by $15 and included a free e-filing for the first return prepared. [19] The company's new "Pay Per Return" policy was criticized for adding a $9.95 fee to print or e-file each additional return after the first, including returns prepared for members of the same household.
The portal is accessible to the tax authorities for tracking down every transaction, while taxpayers have the ability to connect for their tax returns. The GSTN's authorized capital is ₹ 100 million (US$1.2 million) in which initially the Central Government held 24.5 per cent of shares while the state government held 24.5 per cent.
Ads
related to: income tax e-filing portalbenchmarkguide.com has been visited by 100K+ users in the past month